Crane NXT (NYSE:CXT) Hits New 12-Month Low – Time to Sell?

Crane NXT, Co. (NYSE:CXT)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $50.23 and last traded at $51.55, with a volume of 390460 shares traded. The stock had previously closed at $51.40.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CXT shares. Northland Securities lowered Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target for the company. in a report on Tuesday, February 18th. Northland Capmk cut Crane NXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.33.

Crane NXT Trading Up 0.3 %

The company has a market capitalization of $2.95 billion, a PE ratio of 16.16 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. The company’s fifty day moving average is $57.66 and its 200-day moving average is $58.04.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. On average, analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a $0.17 dividend. This is a boost from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, February 28th. Crane NXT’s dividend payout ratio (DPR) is currently 21.32%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in Crane NXT in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in Crane NXT during the 3rd quarter worth $32,000. Fifth Third Bancorp increased its position in Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after buying an additional 276 shares in the last quarter. Quarry LP purchased a new stake in Crane NXT in the fourth quarter valued at about $42,000. Finally, Covestor Ltd boosted its holdings in Crane NXT by 38.6% in the fourth quarter. Covestor Ltd now owns 739 shares of the company’s stock worth $43,000 after acquiring an additional 206 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.